Softer But Still Holding........>

EURO-STERLING TECHS: Softer But Still Holding Above Key Support

*RES 4: 0.8988 High Mar 30

*RES 3: 0.8911 High Apr 1

*RES 2: 0.8864/65 High Apr 21 / High Apr 7 and key near-term resistance

*RES 1: 0.8781 High Feb 23

*PRICE: 0.8705 @ 10:36 BST Apr 28

*SUP 1: 0.8689 Intraday low

*SUP 2: 0.8682 Low Apr 14 and bear trigger

*SUP 3: 0.8657 Low Mar 9

*SUP 4: 0.8621 Low Mar 5 and a key support

EURGBP is trading close to key support having recently eased back from recent

highs and the key resistance at 0.8865, Apr 7 high. For the bearish theme to be

cemented, the cross needs to clear key support at 0.8682, Apr 14 low. This would

expose 0.8621 again, Mar 5 low. On the upside, key resistance remains 0.8865,

Apr 7 high which represents a S/T hurdle for bulls. A break is required to

signal a reversal and open 0.8911, Apr 1 high and potentially beyond.